"Tens of thousands flooded the Crimean port of Sevastopol to watch the extravaganza that was the Russian leader's entrance. Putin boarded a boat to sail past a line of Russian Black Sea Fleet ships anchored in the bay and greeted their crews before watching a flyby of 70 military aircraft."

"I am sure that 2014 will go into the annals of our whole country as the year when the nations living here firmly decided to be together with Russia, affirming fidelity to the historical truth and the memory of our ancestors," Putin said.

"Over the past decade, Mr. Putin has gradually turned Victory Day into a celebration of resurgent Russian power and nationalism. The visit to Sevastopol, in southwestern Crimea, the historical home of Russia's Black Sea Fleet, was a potent manifestation of his goal of reviving Russia as a global power."

As we've told you previously, the Crimean Peninsula was gifted by Soviet leader Nikita Khrushchev to Ukraine in 1954. After the fall of the Soviet Union, Crimea, which had an ethnic Russian majority population, remained with Ukraine as an autonomous part of the country. But in March, Putin annexed the region, in the midst of tensions with Ukraine and the West, after Crimea's population voted to join Russia.

The international community does not recognize Russia's annexation. Indeed, Ukraine's government called Putin's visit to Crimea a "gross violation of Ukraine's sovereignty," and NATO Secretary-General Anders Fogh Rasmussen called the visit "inappropriate."